XAU/USD: Bearish Flag in 1H Chart

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 By Deya Hroob


This trade set up is based on 1h chart.

After falling from the high at $2075, Gold has formed a bearish flag. It's also trading below the moving averages. I'll wait a breakout below the flag to go short with targets $2010, $2000 and $1985.

If the price goes above the moving averages the trade set up will be invalid.


Trade Wise and Good Luck,

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